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HomeMy WebLinkAbout1989-1212775L ORDINANCE NO 89 - /Z AN ORDINANCE LEVYING THE AD VALOREM TAX OF THE CITY OF TAXABLE PROPERTY WITHIN NTON, TEXAS, FOR THE YEAR 1989) CORPORATE LIMITS OF THE CITY ON JANUARY 1 , 1989 , NOT EXEMPT BY LAW, PROVIDING REVENUES FOR PAYMENT OF CURRENT MUNICIPAL EXPENSES, AND FOR INTEREST AND SINKING FUND ON OUTSTANDING CITY OF DENTON BONDS, PROVIDING FOR LIMITED EXEMPTIONS OF CERTAIN HOMESTEADS, SEVERABILITYOCLAUSE , AND PROVIDING CANLEFFECTIVE DATEECTIONS PROVIDING FOR A THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS SECTION I That by authority of the Charter of the City of Denton, Texas, and the Laws of the State of Texas, there is hereby on all taxable property situated within levied for the year 1989, the corporate limits and not exempt byythe Constitution and Laws of the of Denton on the first day of January, State Texas or by 00 assessedtion valueloffallitaxableapropertyax of 6183 SECTION II That of the total tax, $ 4097 on each $100 00 of asses se va ue shall be distributed to the General Fund of the City to fund maintenance and operation expenditures of the City SECTION III That of the total tax, $ 2086 on each $100 00 of assesse va ue shall be distributed to pay the City's debt service as provided by Section 26 04(e) (3) of the Texas Property Tax Code SECTION That , $5 000t00oofrthele VIII, assessed value of esi- 1-b of the Texas Consns titution $5, dent homesteads, shall be exempt from City ad valorem taxes SECTION V That pursuant to Article VIII, Section 1-b of the Texas oust ion, 8,sixty five the (65) assessed of value ageo or Bolder, sident homesteads off persons shall be exempt from City ad valorem taxes SECTION VI That for enforcement of the collection of taxes here y ev e , the City of Denton shall have available all rights and remedies provided by law SECTION VII That if any section, subsection, paragraph, sentence, surt c aue, phrase or word in this ordinance, or application thereof to any purisdictioncircumstance such holdingel hall invalid not by ffect ccthe of competent j portions of this ordinance, and the validity of the remaining p City Council of the City of Denton, Texas, hereby declares it would have enacted such remaining portions despite any such invalidity SECTION VIII imme ate y upon its That this ordinance passage and approval PASSED AND APPROVED this the /9th day ATTEST JENNIFER WALTERS, CITY SECRETARY APPROVED AS TO LEGAL FORM DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY BY '�`� shall become effective of September, 1989 CERTIFICATE OF CITY SECRETARY THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON I, the undersigned, City Secretary of the City of Denton, Texas recorTIFY that ds( of the 1City ofOwhich HEREBY amEcustodian, thatcording to the the attached is a true and accurate copy of Ordinance No 89-121 as approved by the City of Denton City Council on the 19th of September 1989 TO CERTIFY WHICH, witness my official nsigh signature ' a19d qhe seal of said City, this the Rday of— roM 4 69, 0 M1 M"�tk 9 �' A-M. Uj VP y e ;;tary 0469C r t I r 5 t t